MarilynG1
Expert Alumni

Retirement tax questions

When you enter your 1099-R in TurboTax, pay attention to the follow-up questions.  Besides indicating that your husband was a Public Safety Employee, TurboTax notes that this appears to be an Early Distribution, then asks about Exceptions to the Early Distribution Penalty. 

 

Since his 401K was converted to an IRA, here's details about Early Withdrawal Penalties/Exceptions for an IRA that may apply to you, especially for medical expenses or health insurance premiums. 

 

[Edited 2/15/2024 | 8:20 pm]

 

@lasencio 

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